FDIC Staff     Published: 11/29/2022        FDIC

Federal Deposit Insurance Corporation (FDIC)

Deposit Insurance Explained (Part Two)

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These days consumers have a lot of choice when it comes to how they bank. It can be confusing whether their money is protected by FDIC deposit insurance or even whether their ‘bank’ is a bank at all!

Some parties misrepresent themselves as an FDIC-insured financial institution while other legitimate firms offer ‘pass-through deposit insurance’ to their customers.  In either scenario, there are risks.

We invite you to listen as FDIC’s Chief of Deposit Insurance Martin Becker returns to the FDIC Podcast to discuss what people need to keep in mind when entrusting their money to non-bank financial institutions.

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